Home topics news Credit: Patrick Langwallner Funding | Investment News Funding | Investment Accelerating transport tech with $1m fund Yajush Gupta June 2, 2023 iMOVE Cooperative Research Centre (CRC) has announced a funding program of $1 million for Australian companies to accelerate the development of technology, products, and services in the transport sector. iMOVE’s Impact Extension Program (IEP) is a strategic initiative designed to facilitate the introduction of innovative ideas, products, and services into the market, specifically those that align with iMOVE’s existing research programs. The primary objective is to bridge the gap between research and practical application in the transport sector. The program welcomes participation from any company possessing an Australian Business Number (ABN), irrespective of whether they have a formal partnership with an academic institution. This inclusivity ensures that all Australian businesses, regardless of size or industry affiliation, can contribute their ideas equally. It is an open call for these companies to present their unique concepts and solutions, with the two most outstanding transport sector innovations being awarded a generous grant of $500,000 each. One of the distinctive features of this program is that companies are not limited to a single application. They are encouraged to submit multiple proposals, enabling them to showcase all of their best research and development (R&D) ideas. This flexibility allows for a broader exploration of potential breakthroughs and maximises the chances of success. With a budget of $1 million, the direct-to-company funding program aims to significantly amplify the impact already generated by iMOVE